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natta225 [31]
3 years ago
13

Scenario: Scooters Inc. Scooters Inc. is a producer of pricey scooters. The company's profits come mostly from the sales of its

luxury line that caters to the esteem needs of the rich population. Ben Driven, vice president of marketing for Scooters Inc., has been asked to review the company's pricing strategy. Scooters Inc. has traditionally sold its products at one price in the domestic market and at another price in export markets, which is called a(n) ________ pricing strategy.
Business
1 answer:
goldfiish [28.3K]3 years ago
4 0

Answer:

Dual pricing strategy.

Explanation:

Dual pricing strategy: It is a pricing strategy to sell at one price in the local market and a different prices for the international market to customize the price of the product as per the market condition and cost incurred by the company. It is more sensitive toward market condition and it avoids standardizing the price in the global market to gain more demand of product and pricing could be used as a strategic weapon to penetrate the market or to gain more profit from the market.

Hence, Scooters Inc. is using dual pricing strategy.

You might be interested in
Loggers are much likely to supply wood to the market if property rights are enforced. In the presence of market failures, public
alekssr [168]

Answer:

much <em>more </em>likely;

There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars. - <em>Market power</em>

A person smoking in a restaurant emits second-hand smoke that harms other restaurant patrons. - <em>Externality</em>

Explanation:

<u>Property rights</u> are an incentive for individuals to create goods that are needed on the market. In other words, when a discrepancy between demand and supply occurs on a specific market, entities, businesses or individuals that create the goods are motivated to meet market needs through enforced property rights.

On the other hand, when there is a lack of property rights that regulate the market, <em>market failures</em> occur. Two common types of market failures include <em>market power</em> and <em>externalities</em>.

The car dealership example shows <u>market power</u> in practice, as the reigning company can dictate car prices.

The second example shows an externality, as there is evident influence (cost or benefit) on the third party, which they cannot change. People are affected (negatively) by smoke they did not create.

5 0
3 years ago
A young worker is starting her first job at a research lab. She spent four years
Lelechka [254]

Answer: Market economy

Explanation: A P E X

7 0
3 years ago
Fatima is struggling in her job and is experiencing increased dissatisfaction. She related to you that her manager has been unfa
oee [108]

Answer:

Cognitive dissonance

Explanation:

Cognitive dissonance is a psychological notion when an individual experiences thoughts and emotions that are not consistent (no matter the environment). In this example, it was expected from Fatima to quit her job (since she hated the manager). In spite of that, she continued to work. That caused the cognitive dissonance in her behavior, as she changed her attitude.

6 0
4 years ago
The market value of any real or financial asset, including stocks, bonds, or art work purchased in hope of selling it at a profi
HACTEHA [7]

Answer: False

Explanation:

These are financial assets that has existing market invariably there prices are determined by market forces.

Discounting flows refers to project that are to produce inflows into the future the discount helps to determine the present value of the future inflows.

6 0
3 years ago
On May 7, Jernigan Company purchased on account 640 units of raw materials at $15 per unit. During May, raw materials were requi
Tema [17]

Answer:

Date               Account Title                                              Debit               Credit

May 7             Materials                                                 $9,600

                      Accounts Payable                                                            $9,600

<u>Working:</u>

= Units purchased * cost per unit

= 640 * 15

= $9,600

As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.

3 0
3 years ago
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